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Dustin Eide

CEO and founderCanPay

Issaquah, WA

Member Since February 2023

Skills

Payments

About

After spending many years in the payments industry, Dustin Eide saw an opportunity to build the first legitimate debit payment platform for the cannabis industry when Colorado and Washington legalized their Adult Use marijuana industries in 2014. He founded CanPay in 2016 and the company now serves more than 1,000 participating cannabis businesses, including 10 of the 13 largest publicly traded MSOs, and hundreds of thousands of consumer members across more than 30 state markets.

Published content

Nine Ways Managers Can Motivate and Inspire Their Teams With Their Words

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Expressing gratitude is just one way a leader can show they care. One of the many jobs of an effective leader is to inspire and motivate their teams to put forth their best effort and do good work. However, inspiring and motivating are made much more difficult when you aren’t sure exactly what to say. What words will lead your team to solve problems? Find their creativity? Nurture relationships with clients?  According to the business leaders of Rolling Stone Culture Council, it’s not necessarily about the exact words you say so much as their meaning and your genuine feelings behind them. From acknowledging employee contributions to offering more autonomy, your words and their intent can have a powerful impact on your employees and the way they work. Try out the following nine suggestions and see what you can inspire your team to do.

10 Bad Practices That Could Be Derailing Your Customer Service Efforts

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Don’t let these blunders ruin your customer relationships. Poor customer service can have a big effect on a business’s ability to succeed. And while a smile and a helpful attitude can go a long way toward creating a positive experience for a customer, they aren’t the only aspects of customer service that need to be focused on. Whether it’s slow response times or even relying too heavily on customer self-help tools, there may be some practices you don’t even realize are hurting your relationships with your customers.  Pinpointing your company’s bad practices is essential if you want to improve your customer service efforts and, as a result, the overall happiness of your customers. To get started, consider this list of bad practices that could be derailing your company's customer service efforts, courtesy of Rolling Stone Culture Council business leaders.

Eight Ways to Balance Business Innovation With Financial Stability

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Experimenting with a new product or service shouldn’t come at the expense of your core business. It can be said that all businesses are in the business of making money. Regardless of what product they sell or what service they provide, all businesses need to make money in order to survive and, hopefully, thrive. But there’s another component businesses need in order to thrive, at least in the long term: innovation. If businesses don’t innovate or improve upon their current offerings, they may not ever grow or reach their true potential. However, innovation can be risky, as not all ideas will be profitable or accepted by customers. To find that balance between making money in order to survive and making room for innovation, business leaders should consider the following eight tips from the experts of Rolling Stone Culture Council. Here, they discuss the key to balancing innovation with the financial need to stick with what works, ensuring business leaders can still pay the bills.

Nine Reasons Why Business Leaders Need a Growth Mindset to Succeed

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Your willingness to learn and grow has a major impact on your ability to win in business. The business world is full of ups and downs. One day you’re succeeding, and the next day you’re not. This can be especially true of the culture space, where trends can change daily and consumers’ opinions evolve equally as fast. Entrepreneurs who develop a growth mindset — or the belief that persistence and effort lead to success — are more likely to thrive in this type of environment, making it an essential trait to cultivate for culture space leaders. As leaders in the culture space themselves, the members of Rolling Stone Culture Council know what it takes to succeed in today’s marketplace. Here, they discuss the top reasons why business leaders need a growth mindset and the impact that mindset has on their ability to lead well.

How to Create a Social Media Presence That Stands Up to the Competition's

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Cut through the noise by amplifying your unique story. Today, it seems that nearly everyone is on social media — and that includes businesses. With the majority of small businesses using social media to reach their audience, there’s a lot of competition when it comes to earning the attention of potential customers. This is why it’s so vital to find a way to stand out and cut through the digital noise. However, beyond creating viral videos or following the latest social media trend, there are a number of other, more meaningful ways to set your business apart. Here, nine business leaders from Rolling Stone Culture Council weigh in on some of the steps a business can take to ensure their social media presence stands out from the competition and engages their followers in a meaningful way.

Six Steps Cannabis Businesses Can Take to Overcome Industry Hurdles

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To find success, cannabis leaders have to be creative and agile. The cannabis industry has experienced rapid growth over the past decade alone, and it’s only predicted to increase over time, with global sales predicted to hit $149 billion by 2031. This means there is abundant opportunity for those interested in dipping their toes in the cannabis space and the vast number of potential business ideas that can spawn from it.  However, perhaps the biggest challenge cannabis businesses face is the ongoing legal and regulatory obstacles that prevent these businesses from operating like any other business in the market. This means cannabis leaders must be cautious when planning and executing any strategy, whether that be advertising, sales or distribution and logistics.  As leaders in the culture space, the members of Rolling Stone Culture Council are well-versed in the struggles of the cannabis industry, and here, they discuss some of the steps business leaders can take to overcome these hurdles and find success in a challenging business landscape.

Company details

CanPay

Company bio

CanPay offers a payment solution for the state regulated cannabis industry and other emerging markets. CanPay started with one goal – to bring traditional and legitimate electronic payment solutions to highly-regulated industries. We’ve spent years learning about the unique challenges that face consumers and retailers in these industries and used that experience to design CanPay as the stable payment solution they can rely on. With over 20 years of industry experience, the CanPay team of payments professionals is building a proprietary network of consumers, retailers, financial institutions, and specialized technology providers that make payments at regulated businesses just like payments everywhere else.

Industry

Technology

Area of focus

Mobile Payments
Financial Services

Company size

11 - 50